Community Bank System, Inc. (NYSE:CBU) Position Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in shares of Community Bank System, Inc. (NYSE:CBUFree Report) by 136.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,104 shares of the bank’s stock after buying an additional 12,164 shares during the period. Tower Research Capital LLC TRC’s holdings in Community Bank System were worth $891,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CBU. Advisor Group Holdings Inc. lifted its stake in Community Bank System by 43.0% during the first quarter. Advisor Group Holdings Inc. now owns 5,912 shares of the bank’s stock valued at $422,000 after buying an additional 1,777 shares in the last quarter. Raymond James & Associates lifted its stake in Community Bank System by 1.0% during the first quarter. Raymond James & Associates now owns 17,408 shares of the bank’s stock valued at $1,221,000 after buying an additional 167 shares in the last quarter. American Century Companies Inc. lifted its stake in Community Bank System by 15.8% during the first quarter. American Century Companies Inc. now owns 7,143 shares of the bank’s stock valued at $501,000 after buying an additional 977 shares in the last quarter. HighTower Advisors LLC lifted its stake in Community Bank System by 2.7% during the first quarter. HighTower Advisors LLC now owns 20,597 shares of the bank’s stock valued at $1,447,000 after buying an additional 540 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Community Bank System by 20.9% during the first quarter. Citigroup Inc. now owns 51,951 shares of the bank’s stock valued at $3,644,000 after buying an additional 8,977 shares in the last quarter. 75.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CBU. Raymond James upped their target price on Community Bank System from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, January 5th. StockNews.com upgraded Community Bank System to a “sell” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.00.

Check Out Our Latest Stock Analysis on Community Bank System

Insider Buying and Selling at Community Bank System

In other Community Bank System news, Director Sally A. Steele sold 9,400 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $53.05, for a total transaction of $498,670.00. Following the transaction, the director now owns 33,634 shares in the company, valued at $1,784,283.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Community Bank System news, CEO Dimitar Karaivanov acquired 1,000 shares of Community Bank System stock in a transaction dated Wednesday, February 14th. The stock was bought at an average cost of $43.70 per share, with a total value of $43,700.00. Following the completion of the transaction, the chief executive officer now owns 16,265 shares of the company’s stock, valued at $710,780.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sally A. Steele sold 9,400 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $53.05, for a total value of $498,670.00. Following the completion of the sale, the director now directly owns 33,634 shares of the company’s stock, valued at $1,784,283.70. The disclosure for this sale can be found here. Insiders have sold a total of 16,532 shares of company stock worth $832,774 over the last 90 days. Insiders own 1.75% of the company’s stock.

Community Bank System Trading Down 0.6 %

NYSE:CBU opened at $44.94 on Tuesday. The stock’s 50 day moving average price is $47.57 and its 200 day moving average price is $45.65. Community Bank System, Inc. has a 52 week low of $35.38 and a 52 week high of $60.13. The company has a market capitalization of $2.40 billion, a P/E ratio of 17.76 and a beta of 0.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.74 and a current ratio of 0.74.

Community Bank System (NYSE:CBUGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Community Bank System had a return on equity of 9.15% and a net margin of 13.78%. The firm had revenue of $177.00 million during the quarter, compared to analyst estimates of $175.25 million. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts forecast that Community Bank System, Inc. will post 3.25 EPS for the current fiscal year.

Community Bank System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 4.01%. Community Bank System’s dividend payout ratio (DPR) is presently 71.15%.

Community Bank System Company Profile

(Free Report)

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.

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Institutional Ownership by Quarter for Community Bank System (NYSE:CBU)

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